Paramount Communications Q1 FY-25 Financials: Revenue up 52%, PAT Grows 74% YoY
Paramount Communications Limited [NSE: PARACABLES, BOM: 530555], a Delhi-headquartered cable manufacturer, has announced its financial results for Q1 of FY-25.
Paramount Communications’ Standalone Q1 FY-25 Financials
Paramount Communications reported a standalone revenue of Rs. 313.32 crore during Q1 of FY-25. The company’s Profit After Tax (PAT) during Q1 of FY-25 stood at Rs. 25.18 crore. Further, Paramount Communications recorded its Earnings Per Share (EPS) as Rs. 0.83 during Q1 of FY-25.
Consolidated Q1 FY-25 Financial Figures of Paramount Communications
YoY Comparison of Paramount’s Financial Numbers: Q1 FY-25 vs. Q1 FY-24
Paramount Communications recorded a consolidated revenue of Rs. 321.06 crore from operations during Q1 of FY-25 against Rs. 210.54 crore logged for Q1 of FY-24. This YoY jump in revenue showed a staggering growth of 52.49%.
Following suit, PAT of the company increased remarkably by 74.12% to Rs. 25.30 crore during Q1 of FY-25 from Rs. 14.53 crore PAT in Q1 of FY-24.
Moreover, EPS of the company jumped to Rs. 0.83 during Q1 of FY-25 from Rs. 0.72 during Q1 of FY-24.
QoQ Comparison of Paramount Communications’ Financial Performance: Q1 FY-25 vs. Q4 FY-24
On Quarter-over-Quarter (QoQ) basis, the company’s revenue from operations during Q1 FY-25 remained almost same by showing a decrease of 0.71% from Rs. 323.37 crore earned during Q4 of FY-24.
Paramount Communications’ PAT in Q1 of FY-25 decreased by 14.21% from Rs. 29.49 crore PAT during Q4 of FY-24.
Segment-Wise Revenue Comparison of Paramount Communications
Wire and Cables: Paramount Communications generated a revenue of Rs. 313.32 crore from this segment during Q1 of FY-25 against Rs. 210.54 crore generated during Q1 of FY-24. This represents a significant YoY growth of 48.82% in the company’s segmental revenue.
Pipes: In the second quarter of FY-24, Paramount ventured into High-Density Polyethylene (HDPE) pipes business following its acquisition of Valens Technologies in August 2023.
During Q1 of FY-25, the company’s revenue from its Pipes segment decreased by 34.15% to Rs. 8.31 crore from Rs. 12.62 crore earned during Q4 of FY-24.
ParamountCommunications’ Stock 2.5% Up After Announcing Q1 FY-25 Financials
On the day of announcement of Paramount Communications’ Q1 FY-25 financial results, the company’s share price stood at Rs. 83.68 apiece, which is 2.54% higher as compared to Paramount’s share price of Rs. 81.61 apiece on the previous trading day. Volume of Paramount Communications’ share trades peaked at 73,63,000 trades on the day Paramount announced its Q1 FY-25 financials against 58,25,000 trades one day before the announcement of results.
Paramount Communications’ Order Book Crosses Rs. 500 Cr.
Paramount Communications mentioned in its investor presentation for Q1 of FY-25 that the company’s order book stands at Rs. 555.8 crore as on 30th June 2024. The company further stated in the presentation, “Our diverse product portfolio and commitment to technology and innovation enable us to address the growing needs of the construction and power distribution sectors”.
About Paramount Communications: Paramount Communications, also known as Paramount Cables in manufacturing circles, is engaged in wire and cable manufacturing. The company has a wide product range including Railway Cables, High Voltage & Low Voltage Power Cables, Fire Survival Cables, Instrumentation & Data Cables, Specialised Cables, Optical Fiber Cables, and Telecom Cables. The company has two manufacturing facilities one of which is situated in Khushkhera, Rajasthan, while the other is in Dharuhera, Haryana.
